• MBSB Fixed Deposit Rates

    MBSB Fixed Deposit

    MBSB Fixed Deposit

    MBSB offers a number of customized fixed deposit schemes to help you meet your investment needs. Investing in MBSB Fixed Deposits, you can earn good returns on your investments compared to investing in regular savings account.

    Types of MBSB Fixed Deposit

    MBSB offers the following fixed deposit schemes:

    • Islamic Fixed Deposit:- Under its Islamic Fixed Deposit, MBSB offers the following Sharia compliant schemes-
      • MBSB Term Deposit-i
      • MBSB Junior Term Deposit-i.
    • Conventional Fixed Deposit: Conventional Fixed Deposits are meant for regular depositors and senior citizens.

    MBSB Term Deposit-i

    It is an Islamic Fixed Deposit based on the Shariah concept of Tawarruq. The product offers fixed returns on your investment made for a particular tenure. You can open an MBSB Term Deposit-i by investing as low as RM500.

    MBSB Term Deposit-i: Features and benefits

    Listed below are the main features and benefits offered by MBSB Term Deposit-i:

    • The deposit accepts both Individual and joint accounts.
    • Minimum age of a depositor needs to be 18 years.
    • Deposit can be opened by non-Individuals such as government and commercial organizations.
    • Enjoy flexible tenures ranging from 1 month to 60 months.
    • Flexible profit payment options. Profits gets credited either at monthly or quarterly, or at maturity as per you choice.
    • Minimum investment amount required is RM500.
    • Mutually agreed attractive profit rates.
    • No brokerage fees is required.

    MBSB Term Deposit-i: Eligibility

    • The depositor needs to minimum 18 years to open this deposit.
    • Individuals, Government Bodies, Commercials, SMEs, Clubs, Societies, Corporations, Commercials, Statutory Bodies, Federal or State Agencies, Cooperatives, and Charities are eligible for this deposit.

    MBSB Term Deposit-i: Interest Rate

    The Term Deposit – i offers the following interest rates for varying tenures:

    Deposit tenure Interest rate
    1 Month 3.3%
    3Months 3.88%
    6 Months 4.08%
    9 Months 3.55%
    12 Months 4.18%
    60 Months 4.3%

    MBSB Junior Term Deposit-i.

    The Junior Term Deposit-I offered by MBSB is particularly designed to protect your child’s future. The deposit allows juniors to invest and earn attractive returns on investments. The MBSB Junior Term Deposit – I account can be opened jointly with parents or legal guardians.

    MBSB Junior Term Deposit-i: Features and Benefits

    The junior term deposit offered by MBSB comes with the following features and benefits:

    • The depositor should not be more than 18 years old.
    • The account needs to open jointly either with parents/legal guardian.
    • Minimum investment required is RM500.
    • Flexible tenures that starts from 1 month to 60 months.
    • Get profit payouts either at monthly or quarterly basis, or at maturity.
    • Mutually agreed profit rates.
    • Zero brokerage fees.

    MBSB Junior Term Deposit-i: Eligibility

    The eligibility conditions include –

    • Junior aged below 18 years are eligible to open this deposit.
    • The deposit needs to be opened jointly with legal guardian /parents.
    • Minimum deposit amount required is RM500.

    MBSB Junior Term Deposit-i: Interest Rates

    MBSB offers the following interest rates for different tenures.

    Deposit tenure Interest rate
    1 Month 3.3%
    3Months 3.88%
    6 Months 4.08%
    9 Months 3.55%
    12 Months 4.18%
    60 Months 4.3%

    MBSB Conventional Fixed Deposit:

    The conventional fixed deposits offered by MBSB provide attractive returns on investments and they involve low risk. The scheme is open for both individuals and senior citizens. The eligibility criteria and interest rates vary for both the variants of MBSB Conventional Fixed Deposit.

    MBSB Conventional Fixed Deposit: Benefits & Features

    Listed below are the key features and benefits of MBSB Conventional Fixed Deposit:

    • Flexible interest payment options. You can opt for monthly or quarterly payouts, or receive it at maturity.
    • Higher and attractive returns.
    • Enjoy flexible tenures ranging from 1 month to 60 months
    • Minimum investment required is RM1, 000.

    MBSB Conventional Fixed Deposit: Individual

    This deposit scheme is particularly designed for individual depositors. It offers attractive and high returns on your investments.

    Features and Benefits of MBSB Conventional Fixed Deposit: Individual

    Listed below are the main features and benefits of Individual Conventional Fixed Deposits offered by MBSB:

    • Account can be open singly and jointly.
    • Minimum investment required is RM1, 000.
    • Flexible deposit tenures starting from 1 month to 60 months.

    Eligibility criteria for Individual deposit

    • Both Malaysian citizen and Permanent Residents of Malaysia can open this deposit.
    • Minimum age of a depositor needs to be 18 years.

    Interest rates on MBSB Individual deposit

    The following interest rates are offered at maturity:

    Deposit tenure Interest rate
    1 Month 3.30%
    2Months 3.30%
    3 Months 3.35%
    6Months 3.45%
    9 Months 3.55%
    12 Months 3.60%
    15 Months 3.70%
    18 Months 3.75%
    24 Months 3.80%
    36 Months 3.90%
    48 Months 4.05%
    60 Months 4.30%

    MBSB 49’ NERS

    This is a conventional fixed deposit scheme particularly designed to help senior citizens. The Senior fixed deposit pays higher profit payouts at monthly and quarterly basis.

    Features and benefits of MBSB 49’ NERS

    • The deposit offers higher returns on your investments compared to normal fixed deposit accounts.
    • Minimum investment required is RM1, 000.
    • Individuals aged above 49 years can invest in this deposit.
    • Flexible deposit tenures. You can invest for a minimum tenure of 1 month and a maximum tenure of 60 months.

    MBSB 49’ NERS: Eligibility

    • Senior citizen aged above of 49 years are eligible for investing in MBSB 49’ NERS deposit.

    MBSB 49’ NERS: Interest Rates

    MBSB offers the following profit rates on its MBSB 49’ NERS deposit:

    Deposit tenure Interest rate
    1 Month 3.40%
    2Months 3.40%
    3 Months 3.45%
    6Months 3.55%
    9 Months 3.65%
    12 Months 3.70%
    15 Months 3.80%
    18 Months 3.85%
    24 Months 3.90%
    36 Months 4.00%
    48 Months 4.15%
    60 Months 4.40%

    FAQs:

    1. What is an Islamic Fixed Deposit?

      It is a type of fixe deposit based on the principles of Shariah.

    2. What are the fixed deposit schemes offered by MBSB?

      MBSB offers the following fixed deposits- Islamic Fixed Deposit and Conventional Fixed Deposits. There are two variants of Islamic Fixed Deposit namely – MBSB Term Deposit-i and MBSB Junior Term Deposit-i. Conventional Fixed Deposit are designed for regular individuals as well as senior citizens.

    3. What if I want to open a fixed deposit account for my junior? Are juniors allowed to invest in MBSB Fixed Deposits?

      Yes. Juniors are allowed to invest in MBSB Fixed Deposits. MBSB offers MBSB Junior Term Deposit-I for juniors.

    4. Is there any specific benefit for senior citizens who invest in MBSB Fixed Deposits?

      Yes. MBSB provides a customized fixed deposit scheme for senior citizens which is called MBSB 49’ NERS. Investing in this FD scheme, senior citizens earn higher returns on their savings.

    5. My son is 19 years old. Will he be able to invest in MBSB Junior Term Deposit-i?

      No. The maximum age of a junior needs to be less than 18 years to be eligible for MBSB Junior Term Deposit-i.

    *** Please note that MBSB may change its fixed deposit interest rates and other terms and conditions at any time without notifying you in advance. So, make sure you read the bank document before investing in FD schemes offered by MBSB.

    Other Products offered by MBSB:

    Apart from offering Fixed Deposit,MBSB offers other products and services which include:

    News About MBSB Fixed Deposit

    • MBSB Estimated to Pay RM930m to Buy BMMB

      Malaysia Building Society Bhd (MBSB) is expected to pay RM 930 million for acquisition of Bank Muamalat Malaysia Bhd (BMMB),which will be followed to the creation of Malaysia’s second-largest Islamic banking group, according to a statement made by an analyst, David Chong from RHB Research Institute Sdn Bhd.

      According to Chong’s statement the estimated cost of acquisition is based on assuming the price to book value ratio of 0.5 times as well as MBSB issuing 624 million new shares at RM1.50 per share.

      Chong added that, “This will result in an enlarged share base of 3.46 billion new shares from the present 2.84 billion MBSB shares.” and that he expects with the successful merger Employee Provident Fund’s (EPF) shareholding in MBSB to fall to 53% against 65%, now.

      6th October 2015

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